State of Tennessee Department of Treasury Acquires 3,815 Shares of Teradyne, Inc. (NASDAQ:TER)

State of Tennessee Department of Treasury increased its holdings in shares of Teradyne, Inc. (NASDAQ:TER) by 7.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,832 shares of the company’s stock after acquiring an additional 3,815 shares during the period. State of Tennessee Department of Treasury’s holdings in Teradyne were worth $6,653,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Teradyne by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 20,405,899 shares of the company’s stock worth $2,569,511,000 after purchasing an additional 92,428 shares during the last quarter. Van ECK Associates Corp raised its holdings in Teradyne by 59.9% in the fourth quarter. Van ECK Associates Corp now owns 4,928,143 shares of the company’s stock worth $620,552,000 after buying an additional 1,846,079 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Teradyne by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 4,105,505 shares of the company’s stock worth $515,665,000 after buying an additional 94,374 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Teradyne by 16.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,825,897 shares of the company’s stock valued at $355,837,000 after buying an additional 393,175 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Teradyne by 4.0% during the fourth quarter. Invesco Ltd. now owns 2,403,193 shares of the company’s stock valued at $302,610,000 after buying an additional 92,195 shares during the last quarter. Hedge funds and other institutional investors own 99.77% of the company’s stock.

Insider Activity at Teradyne

In related news, CFO Sanjay Mehta sold 1,789 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $120.51, for a total value of $215,592.39. Following the transaction, the chief financial officer now directly owns 33,308 shares of the company’s stock, valued at approximately $4,013,947.08. The trade was a 5.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard John Burns sold 445 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $111.49, for a total value of $49,613.05. Following the completion of the transaction, the insider now owns 25,191 shares of the company’s stock, valued at $2,808,544.59. The trade was a 1.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,399 shares of company stock worth $612,734. 0.16% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have commented on the company. Citigroup cut their target price on Teradyne from $130.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, March 12th. Cantor Fitzgerald dropped their price objective on Teradyne from $150.00 to $110.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 12th. Northland Capmk raised Teradyne from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Morgan Stanley dropped their price target on shares of Teradyne from $81.00 to $69.00 and set an “underweight” rating on the stock in a report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Teradyne from $120.00 to $92.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $118.94.

Teradyne Stock Performance

NASDAQ TER opened at $77.30 on Friday. The business’s fifty day moving average is $89.03 and its 200 day moving average is $109.42. The company has a market capitalization of $12.43 billion, a PE ratio of 23.21, a price-to-earnings-growth ratio of 2.83 and a beta of 1.65. Teradyne, Inc. has a fifty-two week low of $65.77 and a fifty-two week high of $163.21.

Teradyne (NASDAQ:TER) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Teradyne had a return on equity of 19.08% and a net margin of 19.23%. On average, sell-side analysts forecast that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 14th were given a dividend of $0.12 per share. The ex-dividend date was Friday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.62%. Teradyne’s payout ratio is 14.41%.

Teradyne Company Profile

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.